Undoubtedly, the announcement has brought cheer among government employees as uncertainty loomed large over the pending bonus announcement this year owing to the Covid-19 pandemic.
While announcing the decision, Union minister Prakash Javadekar said at least 30 lakh non-gazetted employees will benefit from the announcement and the bonus will be disbursed in one installment before Vijaya Dashami.
In a press briefing, Javadekar said that the bonus will be given in a single installment, through Direct Benefit Transfer, before Vijayadashami (Dussehra).
The beneficiaries include 17 lakh non-gazetted employees from the government's commercial establishments such as railways, post office, EPFO, ESIC and production and their share will be Rs. 2,791 crores. The rest 13 lakh government employees will get a non-productivity link bonus of Rs. 946 crores.
The festival bonus comes days after Union Finance Minister Nirmala Sitharaman announced two schemes -- LTC Cash Voucher Scheme and Special Festival Advance Scheme -- to incentivize consumer spending and boost the country's GDP as part of the Centre's fresh economic revival push.